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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 3, 1999
CVB Financial Corp.
(Exact name of registrant as specified in its charter)
CALIFORNIA
(State or other jurisdiction of incorporation)
1-10394
(Commission File Number)
95-3629339
(IRS Employer Identification No.)
701 North Haven Avenue, Suite 350, Ontario, California 91764
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (909) 980-4030
Not Applicable
(Former name or former address, if changed since last report)
This report includes a total of 4 pages
Exhibit Index on page 2
<PAGE>
Item 1. Changes in Control of Registrant.
None.
Item 2. Acquisition or Disposition of Assets.
None.
Item 3. Bankruptcy or Receivership.
None.
Item 4. Changes in Registrant's Certifying Accountant.
None.
Item 5. Other Events.
On October 4, 1999, Orange National Bancorp merged with and
into CVB Financial Corp. The financial statement attached
hereto sets forth the results of operations for the first 30
days of post-merger operations. The merger was accounted for
under the pooling of interests method of accounting treatment.
One time acquisition costs of $4.9 million were recognized in
October 1999.
Item 6. Resignations of Registrant's Directors.
None.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
(b) Pro forma financial information
(c) Exhibits Page
99.1 Consolidated Statement of Earnings 4
2
<PAGE>
Item 8. Change in Fiscal Year.
None.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has dully caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CVB Financial Corp.
(Registrant)
Date: November 9, 1999 /s/ Edward J. Biebrich, Jr.
---------------------------
Edward J. Biebrich, Jr.
Chief Financial Officer
3
<PAGE>
EXHIBIT 99.1
CVB FINANCIAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF EARNINGS
(unaudited)
dollar amounts in thousands
<TABLE>
<CAPTION>
October 4, 1999
through
November 3, 1999
--------------------
<S> <C>
Interest income:
Loans, including fees $ 6,611
Investment securities:
Taxable 3,770
Tax-advantaged 493
--------------------
4,263
Federal funds sold and interest bearing
deposits with other financial institutions 53
--------------------
10,927
Interest expense:
Deposits 2,304
Other borrowings 1,015
--------------------
3,319
--------------------
Net interest income 7,608
Provision for credit losses 300
--------------------
Net interest income after
provision for credit losses 7,308
Other operating income:
Service charges on deposit accounts 873
Trust services 377
Other 198
--------------------
1,448
Other operating expenses:
Salaries and employee benefits 2,353
Deposit insurance premiums 14
Occupancy 176
Equipment 479
Other 1,112
Acquisition costs 4,856
--------------------
8,990
--------------------
Loss before income taxes (234)
Tax benefit (98)
--------------------
Net loss $ (136)
====================
</TABLE>
The statement of earnings sets forth the results of operations for the first 30
days of post-merger operations. One time merger acquisition costs of $4.9
million were recognized in October 1999.
4
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